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20121201
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the 24th right-to-work state in america. as you see how it is spreading there in blue. steve moore, senior economics writer, "wall street journal." matt mccall, president of penn financial group. gentlemen, good morning to you. steve, what does it mean for michigan? by the way it is not signed into law yet. they have a five-day grace period. what does it mean. >> this story is shocker, bill. we heard about it tuesday. they caught the unions napping. it is huge for michigan. it is old industrial state. epicenter of the old rust belt. my studies and a lot of others show, states of right to work where the jobs are going. we covered that story last year when boeing wanted to move its facility out of washington to south carolina one of the reasons they wanted to do that, bill, because south carolina is a right-to-work state. it is huge for the economic future of michigan. the other point i would like to make, bill, unions say this is anti-worker, when in fact it is exactly opposite. all right to work laws do, people get confused about this, all these laws do say the union has the right
moore. this is an important issue in your bill is still needed. now the cftc proposed rule is helpful. there's no question they have created an exception for enter affiliate swaps that applies to nonfinancial end-users. the problem is there are two key issues, two problems not addressed by the cftc will. everyone, nonfinancial end-users have an eight step process or a criteria process financial users must meet and what criteria is posting margin between affiliates. again, if you have been a post variation merger between affiliates, the whole point behind an exemption from clearing requirements is defeated because your costs are roughly similar if you have the margin. second and very importantly there are lots of companies in your district and throughout the country that have treasury hedging centers in the cftc will doesn't do anything to exempt trade. if you have a nonfinancial end-user facing the market, if what that hedging centers set up to do this and turned to swaps, that hedging center would be a financial entity. so now you have a financial to financial swap is not eligible fo
to the aflac trivia question, julianne moore. that makes sense. the winner katherine savage from san antonio, texas. congratulations. meanwhile, we've become used to the media frenzy surrounding high profile celebrity court cases like casey anthony and o. j. simpson, case where is people follow every move the lawyers make and every word the witnesses say. what about average americans who aren't celebrities, who are facing justice by a jury of their peers? what are those cases really like? our next guest made it his mission to find out. he's spending a year in a small courtroom in new england, joining us, the best selling author of "fatal vision" and other books, joe gothic. >> good morning. >> steve: so 15 gothic street is the street address of the superior court courtroom in massachusetts. >> north hampton. >> steve: so what you decided to do is you were going to spend a year there just watching the everyday stuff that doesn't get the headlines. >> exactly. and write a book in serial form. this is the new approach i'm taking because the old publishing model just doesn't work anymore. and th
? joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal cliff there's conc
Search Results 0 to 3 of about 4